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here, sandy was terrible. that will subtract from growth. we also have the little twinkie strike which is something that everybody's worried about, so that will subtract. so when you net all those things out, you'll probably get a number closer to 90,000. but when you net those things out, you know in future months you'll get more growth. 2 pch 2.7, a lot was inventory based. so economic growth probably gets weaker. but as the rebuilding takes prar place, the strike resolved, no jobs no doubt. >> so in the meantime we go back above 8%? >> i think there's a chance that you can touch 8%, but i think you'll stay somewhere near the 8% range. >> if you had to make a prediction like i did, i had to make a prediction for where unemployment would be a year from now. i said somewhere in the 7s. >> i think by the end of next year you'll get a near somewhere in the neighborhood of 7.4, 7.5. still in the 7s. because again, we are going to glow next year something close to 2% and probably a little bit below that. that's not consistent with a huge deceleration of the unemployment rate. >> unless the
is still being stunted by the election results, and the effects of superstorm sandy. joining us with the latest on that, bill dunkleberg, chief economist at the national federation of independent business. bill, in reading your findings, am i wrong to say you found that it really wasn't sandy, that it was the election results, and if that's true, how do we give -- can we give the president the benefit of the doubt in that maybe it just, the election results means that the cliff is front and center? the cliff would not have been front and center with romney because he would have probably just extended all the bush tax cuts, i think. so is it the election result that's causing this? and is it the president himself? or the gridlock that it's causing with republicans? >> i think you basically have it right. we spent billions of dollars and then woke up the day after the election and nothing had changed and i think that's the issue. because the management team couldn't reach agreement on how to deal with the problem that was coming up, so we were stuck with the same kind of managemen
disasters from the united states, $25 billion from superstorm sandy alone. >> nike capital agreed in principle to be acquired by getgo on the cash portion of the bid. knight capital agreed. the cash portion a prior bid increased. $3.75 a share and knight ceo, tom yois, would have been the chairman, instead be executive chairman. our guest in the first hour, one of wall street's most successful value investors continues to deliver for his clients. his fund is up 30% this year. joining us now, lee cooperman, chairman of omega advisories, delivering alpha advisory board and speaker, something we put on every year. i can hear all this stuff, i guess it was greatly exaggerated, the demise of investing and investing in general, and you can only get 5 or 6% if you're lucky and here you come in this past year with 30%. >> the year is not over. 7 1/2 trading days left and we're watching it closely. >> you've basically done this by staying positive for most of the year. >> positive most of the year and continuing mildly positive now, less positive than we have been. >> really? why on earth
of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you don't buy that small businesses fall under that? >> no, most small bus
, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind up having a big january and the stocks tend to
Search Results 0 to 4 of about 5